The State Bank of Vietnam issued Circular No 20/2011/TT-NHNN on August 29, regulating the sale and purchase of foreign currency by individuals travelling abroad.
The State Bank of Vietnam issued Circular No 20/2011/TT-NHNN on August 29, regulating the sale and purchase of foreign currency by individuals travelling abroad.
Under the circular, Vietnamese citizens travelling abroad for purposes of study, medical treatment, tourism or business are entitled to purchase foreign currency at authorised credit agencies for necessary personal expenses while abroad, including expenses for food and transportation.
The quota for buying foreign currency is $100 per person per day or equivalent in other foreign currency within a 10-day stay. The same quota is applied for children who share the passports with their parents.
Foreign citizens with legitimate income in Vietnamese currency are also entitled to buy foreign currency at authorised credit agencies subject to current legislations on foreign currency management.
The circular takes effect on October 15.
(Source: VNS)
